Undervalued

Jonathan Monk, "Andy Warhol’s Chairman Maos Hand Made in The Peoples Republic of China" (Installation of 10 paintings) (2008), at Galleri Nicolai Wallner (Denmark)

€90,000 ($140,270)

€90,000 certainly feels like a bargain when you consider that a "real" Warhol Mao sold at Christie’s New York in November 2006 for $17,376,000 and that the auction house is currently offering a large one privately for a whopping $120 million.

Monk offers ten lipsticked Maos, complete with the familiar birthmark and tailored jacket, stacked like a large pack of cards against the gallery wall. (In a kind of Koonsian gesture, the identically painted works carry the extra attribution of being “Hand Made in the Peoples Republic of China.”) Not surprisingly, given Monk’s high-styling wit, the works sold in the opening moments of the fair for €90,000 — or less than €10,000 per canvas.

Courtesy Galleri Nicolai Wallner